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Budget committee forwards $17 million state loan appropriation to renovate Marina Yacht Harbor
Summary
The Budget & Finance Committee voted to forward a Recreation & Park Department request to the full Board seeking a $17 million state loan to renovate the West Harbor of the Marina Yacht Harbor. Budget analysts urged conditions on release of $15.5 million to protect the city if remaining earlier loan funds are not delivered.
The Budget and Finance Committee voted March 4 to forward to the full Board a Recreation and Park Department proposal to accept a $17,000,000 loan from the California Department of Boating and Waterways for renovations to the West Harbor at Marina Yacht Harbor.
Katie Petruccione of the Recreation and Park Department said the loan will be repaid from berth and mooring fees and carries no general‑fund impact. "The loan is to be repaid out of berth and mooring fees in the harbor, and there is no general fund impact from the loan," Petruccione said in presenting the request and told supervisors this followed an earlier board accept‑and‑spend resolution.
Harvey Rose of the Budget Analyst's Office told the committee the city faces exposure if the state fails to deliver previously authorized funds. Rose said that while $17,000,000 is appropriated, a remaining $8,650,000 from an earlier $25,600,000 loan remains uncertain and that the ordinance before the committee did not specify parameters for releasing $15,500,000 to controller reserve. He recommended amending the ordinance to require quarterly invoice reimbursements from the state to be reviewed by RPD before the Controller releases reserve funds.
Supervisors pressed for contingency steps. Supervisor Bevan Dufty proposed sending a letter from the committee to Sacramento representatives urging they protect the outstanding loan balance; RPD said it could scale work to fit the $17 million if the remaining funds do not materialize.
After public comment from residents and community activists urging more transparency and program details, Supervisor Carmen Chu moved the budget analyst's recommendation and the Chair took the motion without objection, forwarding the item and the committee's recommendation to the full Board.
Next steps: the full Board will consider the ordinance; the committee recommended adding release conditions for the $15.5 million reserve and requested that RPD return with documentation of quarterly state reimbursements before funds are released.
